>>49598580
>live very cheaply and save, wait for dip (2008 crash - dip was 2012 for real estate in my market)
>use FHA mortgage (like 5-6% down payment)
>buy most expensive house that you can afford the monthly mortgage AND maintenance on
>be very choosy about your neighborhood, do not buy within 1/2 mile of apartments (poor people)
>plan for enough $ budget to replace/maintain roof, exterior paint, interior paint, half the plumbing, half the appliances, and miscellaneous (sprinklers, gutters, sewer, stucco, etc.)
>roommates if you need the extra dough, but be very careful being a landlord, lots of freeloaders
>???
>profit
t. 500K in equity on 5K down